BG Group Place has been named a 2014 winner in the Urban Land Institute’s (ULI) Development of Distinction Awards in the For-Profit Category. The Development of Distinction awards program is the centerpiece of ULI’s efforts to recognize developments that exemplify best practices in design, construction, economic viability, community health, marketing and management. The Houston award is modeled on the ULI Awards for Excellence global competition, which has been recognizing best practices in real estate development for more than 30 years.
Located in downtown Houston, BG Group Place contains approximately one million square feet. The 46-story tower was designed by Pickard Chilton and was developed by Hines. The elegant glass and steel, LEED Platinum building, which features a dramatic cutaway notch and tenant balcony on the 39th floor, was completed in 2011.
Features included in the building is a 39th-floor skygarden, and a fully gardened top floor of the parking garage, that soak up rainwater. Water that condenses in the building’s air-conditioning system is used to irrigate the plants.
Glass fins that act as sunshades reduce the building’s need for air-conditioning. The 10-foot ceilings (a foot higher than the modern standard) allow in more sunlight, cutting the need for electric lights.
“This year’s Development of Distinction presented one of the strongest fields of finalists we’ve seen,” said Greg Erwin, firm-wide head of the Real Estate Development and Investments Practice Group for Winstead attorneys, and ULI Houston chair. “Each winner is an outstanding example of the ‘complete real estate project’ and has truly brought about positive impact on our community.”
“This award affirms Hines’ ongoing commitment to superior design and the impact that a focus on sustainable development can have in today’s marketplace,” commended Hines Southwest Regional CEO Mark Cover.